The maker of brands such as Dove, Persil and Hellmann’s said its performance in recent years has ‘not matched our potential’.
Consumer giant Unilever has revealed rising sales driven by higher prices, as it announced a leadership shake-up amid plans to boost the business.
This was driven by prices rising by 5.8% while the volume of sales dipped by 0.6%, meaning that people paid more money for fewer items.Beauty, personal care and home care brands such as Simple, Vaseline, Radox and Comfort performed more strongly, while ice creams including Cornetto and Magnum, and nutrition brands such as Marmite and Hellmann’s saw reduced sales.Ice cream sales were impacted by rainy weather over the period and more people choosing to buy supermarket own-brand versions.
But some relief could be on the way for squeezed shoppers with price growth beginning to moderate as inflation eases, the company revealed. Hein Schumacher, Unilever’s chief executive, said the company has a “portfolio of great brands used by 3.4 billion people each day”.
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